Kalshi Raises $1 Billion at $11 Billion Valuation as Prediction Markets Boom
Prediction market platform Kalshi has secured $1 billion in a funding round led by Sequoia Capital and CapitalG, catapulting its valuation to $11 billion. The latest round follows a $300 million raise in October, underscoring rapid growth in event-based trading. Annualized trading volume surged to $50 billion in mid-October—a staggering leap from $300 million the previous year.
The platform, which enables wagering on outcomes from elections to sports, has expanded its reach beyond retail traders. Institutional investors and banks are now engaging with the platform, with loan transactions expected to reach hundreds of millions this year. Kalshi’s aggressive marketing, including subway ads during New York’s mayoral race, has further cemented its visibility.
